Updated By: LatestGKGS Desk
The Income Tax Department has launched instant Aadhaar-based e-PAN allotment service for individuals seeking PAN (Permanent Account Number) service for the first time.
The e-PAN allotment service is free of cost. It is available for a limited period on first-come, first-served basis for valid Aadhaar holders. It was introduced because of increasing number of people applying for PAN.
The e-PAN will be distributed on the basis of one-time password (OTP) sent on mobile number linked to Aadhaar number of a person. It will have the same name, date of birth, gender, mobile number and address as in Aadhaar.
The e-PAN facility is only for resident individuals and not for Hindu Undivided Family (HUF), firms, trusts, and companies,” the advisory said.
Once e-PAN is allotted to the applicant through his electronic Aadhaar-based verification system in few seconds, the applicant will be sent the PAN card by post. The process can be done at the official portal of the Income Tax Department.
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